Financial Ratios Of Companies Research Articles

The Effect of Financial Ratios on Stock Returns: By Mediation of Price Earning Ratio

This study was conducted to analyze financial ratios effects towards Stock Returns in which the mediating variable is Price Earning Ratio (PER). The financial ratios are Debt to Equity Ratio (DER), Price to Book Value (PBV), and Return on Equity (ROE). This study uses a population of 65 real estate and property enterprises appeared in Indonesia Stock Exchange (IDX). This research’s samples are 36 companies registered in 2018-2020 IDX list. The data analysis technique uses Partial Least Square. The results showed (1) ROE and DER did not directly affect Stock Returns, (2) PBV directly affected Stock Returns, (3) ROE had an effect on Stock Returns partially mediated by the PER, (4) PBV and PER had no effect on Stock Returns mediated by the PER. The implications of the research result in investors needing to know the right time to make profitable investment decisions by analyzing the company's financial ratios to Stock Returns, which are an indicator of the level of profit earned by investors.

ANALISIS KINERJA KEUANGAN CV. ABC DENGAN PENDEKATAN RASIO PROFITABILITAS,LIKUIDITAS DAN SOLVABILITAS TAHUN 2021-2022

Abstrak : The company's financial performance can be assessed by analyzing financial ratios. Financial ratios can consist of several groups such as profitability, liquidity and solvency ratios. This study uses secondary data obtained indirectly from the results of CV ABC's financial statements for 2021-2022 using profitability ratios (Return On Assets, Return On Equity, Gross Profit Margin and Net Profit Margin), liquidity ratios (Current Ratio, Quick Ratio, and Cash Ratio) and solvency ratios (Debt to Asset Ratio and Debt to Equity Ratio). This research uses quantitative methods with a descriptive analysis model that aims to analyze financial ratios so that after analysis the company can know and can assess financial performance based on the value of the company's financial ratios. Based on the results of the study that the results of the assessment of financial performance on CV ABC have increased quite well. The profitability ratio can be said to be in good condition, so that the results of the ROA analysis meet the company's performance measurement standards, the results of the ROE analysis are good, the GPM results are quite good in 2021 and less good based on the 2022 analysis and the NPM analysis is not good for the last two years. in the Quick Ratio analysis it is said to be less good in 2021 and quite good in 2022, in the Cash Ratio analysis it is said to be not good for the last 2 years.then in the solvency analysis it is said to be good and has increased over the last two years based on the results of the analysis of Debt to Asset Ratio and Debt to Equity Ratio).
 Abstrak : The company's financial performance can be assessed by analyzing financial ratios. Financial ratios can consist of several groups such as profitability, liquidity and solvency ratios. This study uses secondary data obtained indirectly from the results of CV ABC's financial statements for 2021-2022 using profitability ratios (Return On Assets, Return On Equity, Gross Profit Margin and Net Profit Margin), liquidity ratios (Current Ratio, Quick Ratio, and Cash Ratio) and solvency ratios (Debt to Asset Ratio and Debt to Equity Ratio). This research uses quantitative methods with a descriptive analysis model that aims to analyze financial ratios so that after analysis the company can know and can assess financial performance based on the value of the company's financial ratios. Based on the results of the study that the results of the assessment of financial performance on CV ABC have increased quite well. The profitability ratio can be said to be in good condition, so that the results of the ROA analysis meet the company's performance measurement standards, the results of the ROE analysis are good, the GPM results are quite good in 2021 and less good based on the 2022 analysis and the NPM analysis is not good for the last two years. in the Quick Ratio analysis it is said to be less good in 2021 and quite good in 2022, in the Cash Ratio analysis it is said to be not good for the last 2 years.then in the solvency analysis it is said to be good and has increased over the last two years based on the results of the analysis of Debt to Asset Ratio and Debt to Equity Ratio).

ANALYSIS OF THE EFFECT OF CAPITAL STRUCTURE AS AN INTERVENING BETWEEN PROFITABILITY, OPERATING LEVERAGE, LIQUIDITY ON PRICE BOOK VALUE

The aim of this study is to analyze the impact of capital structure as an intervening variable between profitability, operating leverage, liquidity, and price-book value. Inferential statistical analysis was performed using Path Analysis with SEM-PLS analysis tool. The study found that profitability has a significant and positive effect on firm value. However, operating leverage and liquidity have no significant and negative impact on firm value. Furthermore, profitability and operating leverage variables have a significant and negative effect on capital structure. However, liquidity has no significant and negative impact on capital structure. The study also found that capital structure has no significant and negative impact on firm value. Finally, capital structure cannot act as an intervening variable between profitability, operating leverage, liquidity, and firm value. The study's novelty lies in using capital structure as an intervening variable in the context of real estate sector companies. The study suggests that investors conduct fundamental analysis, especially analyzing the company's financial ratios, before investing in certain industry stocks to assess the company's financial performance. The study's limitations include the need for further research by adding other variables or indicators. Additionally, researchers should consider selecting different industrial sectors to be studied.

ANALISIS KINERJA LAPORAN KEUANGAN PADA PT.ULTRA MILK JAYA INDUSTRI Tbk INDONESIA

Financial performance appraisal is carried out to provide an overview to shareholders and the public regarding the condition of the company. Financial performance can be seen from the company's financial ratios. Therefore, the research objective is to assess the financial performance of PT Ultra Jaya Milk Tbk by using financial ratios. Financial ratios will be focused on liquidity ratios (CR and QR), profitability (ROA and ROE), and solvency (DAR and DER) during the 2018-2019 period. The results of the overall analysis show that the financial performance of PT Ultra Jaya Milk Tbk, represented by the ratios of liquidity, profitability and solvency, is in the healthy category.

Analisis Laporan Keuangan Untuk Memprediksi Tingkat Kebangkrutan Dengan Menggunakan Model Altman Z- Score, Grover dan Zmijewski

This study aims to analyze financial statements to determine the potential for bankruptcy in companies in the transportation and logistics sector using the Altman Z-score, Grover and Zmijewski methods. The research used is quantitative with a descriptive approach. The population used is 28 companies in the transportation and logistics sector. The sample used in this research was 15 companies using purposive sampling technique in taking the sample. Statistical analysis in this study uses the calculation of the company's financial ratios from each bankruptcy method. The data used is secondary data in the form of financial reports obtained from the Indonesian Stock Exchange. The results showed that of the 15 sample companies using the Altman method, 8 were bankrupt, 1 was a gray area, 6 were healthy. Grover's results are 7 bankrupt and 8 healthy and Zmijewski's results are 10 bankrupt, 5 healthy. And of the 15 sample companies, there are 5 companies that have a greater potential for bankruptcy using these three methods.

Analisis Kebangkrutan PT. Prasidha Aneka Niaga Tbk Menggunakan Metode Altman Z-Score Periode 2016 - 2020

Bankruptcy analysis by PT. Prasidha Aneka Niaga Tbk 2016-2020 uses the Altman Z-Score method. The purpose of this research is to find out whether a company is experiencing bankruptcy in the current period so that corrective actions can be taken at an early stage. This study used a quantitative descriptive method and documents for data collection. He gathered data from company records after what was needed to explain the research questions. The analytical method used is the Altman Z-Score method. According to the survey results, the company's financial ratios achieved from 2016 to 2020 have increased in 2017 and 2018 after experiencing financial difficulties in 2016, this indicates that it is not experiencing financial difficulties but is in a stable condition. However, in 2019 and 2020, it will once again face financial difficulties.

Kinerja Keuangan PT. Krakatau Steel Tbk Membaik?: Tinjauan Analisis Laporan Keuangan

Financial reports are an accurate information instrument for assessing company performance for investors, companies and the public. PT. Krakatau Steel (Persero), Tbk, is the only state-owned company in Indonesia's steel industry. Thus, the company's status and performance are highly monitored by the government, investors, and the general public because it is a benchmark for the development of the steel industry. Issues related to the company's poor financial performance in several periods made the researchers aim to analyze the performance of the company's financial statements. This research aims to analyze the performance of the company's financial ratios items such as profitability, solvency, activity, liquidity, and profit growth ratios for the 2018-2021 period. The analytical method used in this study is a descriptive quantitative analysis of the company's financial ratios. The results of the study assume that the profitability ratio is in the unhealthy criteria, the liquidity ratio is assumed to be in the unhealthy criteria, the activity ratio is assumed to be in the unhealthy criteria, the solvency ratio is assumed to be in the reasonably good criteria, the growth ratio is assumed to be in the unfavourable criteria in the study period.

Potencial Bankruptcy: Before and During Covid-19 Pandemic

This study aims to analyze the Altman Z-Score, Springate, and Zmijewski theory in assessing the level of financial health and anticipating the problems of potential bankruptcy in the food and beverage sector before Covid-19 in 2019 and when Covid takes place in 2020. This study was conducted on 10 food and beverage companies with a score analysis method of the company's financial ratios for financial performance. The Altman Z-Score, Springate, and Zmijewski method use delivery services, profit, total assets, total debt, profit before interest and taxes, capital, and sales.The results showed that the company that is still classified as healthy but experienced a significant financial decline in 2020 is the bakery company, while the company that experienced a significant increase in 2020 is MYOR. Based on the Zmijewski score, all companies as the object of the study are healthy category that the score is <0.

The Financial Statement Analysis of Johnson and Johnson

Johnson & Johnson is a group of companies that manufactures healthcare products, medical devices, and pharmaceuticals, and has a 100-year history of being a leader in the pharmaceutical industry. Johnson & Johnson has always had a good reputation, but the previous year Johnson & Johnson suffered a large amount of product recalls. The original company's products did not meet the quality requirements and the hygiene conditions of the manufacturing process were not up to scratch. As a result, Johnson & Johnson's reputation has suffered greatly and the company's overall earnings have been affected, in recent years, a global pandemic of Covid-19 has led to the announcement of another halt to Johnson & Johnson's vaccine production. This essay will therefore examine whether these turmoils that have hit Johnson & Johnson have had a negative impact on Johnson & Johnson's financial situation over the last five years by calculating and analyzing the company's financial ratio. Through the analysis of the data and financial ratios obtained, Johnson & Johnson's overall profits have been on the rise in recent years due to its excellent marketing and management strategies. It is a worthwhile company for investors to invest in. However, in the long run, if Johnson & Johnson does not find a way to address the damage to its reputation and improve the quality of its products to increase consumer trust in the brand, then the value of Johnson & Johnson will still be on a downward slope.

Performance Analysis of Financial Statements of PT. Unilever Indonesia, Tbk.

The purpose of this study is to analyze the financial operations of PT. Unilever Indonesia through an activity analysis of the company's financial ratios for 2020 and 2022. The research method used is a quantitative descriptive method with secondary data collected through library research. The results showed that the financial performance of PT. Unilever Indonesia, Tbk, as measured by financial ratios in the 2020–2022 period. Thus, this research suggests that PT. Unilever Indonesia, Tbk., improve financial, inventory, and accounts receivable management in an effort to improve the company's financial health and sustain the company in the future.

ANALISIS PERBANDINGAN KINERJA KEUANGAN PADA PT SILOAM INTERNATIONAL HOSPITALS TBK SEBELUM DAN SESUDAH ADANYA PANDEMI COVID-19

Financial performance is an analysis carried out to find out how far the company is progressing through the application of correct and correct financial implementation principles. The performance of a company is a description of the company's financial condition which is
 analyzed using financial analysis tools to determine whether the company's financial condition is good or bad which reflects the performance of a certain period. The purpose of this study is to
 analyze the comparison of the company's performance of PT Siloam International Hospitals Tbk before and after the Covid-19 pandemic, financial report data obtained from the Indonesia Stock Exchange for the 2018-2021 period. Analysis of financial performance is seen from the company's financial ratios, the financial ratios analyzed are liquidity ratios, solvency ratios, and profitability ratios and can be assessed or analyzed better before or after the Covid-19 pandemic based on the industry average of each ratio.

Alman Z-Score Analysis For Predicting Bankruptcy In Pharmaceutical Companies Listed On The Indonesia Stock Exchange

This study aims to determine and analyze the risk of bankruptcy of pharmaceutical companies on the Indonesia Stock Exchange based on the Altman Z-Score method. This research uses a type of quantitative descriptive research using secondary data sources. The data collection technique used is a documentation technique in the form of financial reports comprising ten companies for the 2017-2021 period. The method used to analyze bankruptcy risk is the revised Altman method. Where the ratio used is in the form of company financial ratios based on Altman Z Score, namely working capital to total assets (T1), retained earnings to total assets (T2), earnings before interest and taxes to total assets (T3), market value of equity to book value of liability (T4), and sales to total assets (T5). The Altman method in this study can be calculated using the following formula: Z = 0,717 T1 + 0,847 T2 + 3,107 T3 + 0,420 T4 + 0,998 T5. The results of this study indicate that three companies are at risk of bankruptcy or are in a distress zone, namely PT Indofarma (Persero) Tbk (INAF), PT Kimia Farma Tbk (KAEF), and PT Pharos Tbk (PEHA). Besides that, there are three companies in the grey area zone, and four companies in a safe condition. For the company to avoid bankruptcy risk, the company can improve the company's financial performance by optimizing the company's assets, increasing sales volume, and reducing production costs.

Financial Ratio Analysis to Measure Financial Performance at PT Astra International, Tbk

In general, the purpose of establishing a company is to obtain optimal profits or profits according to the company's capabilities. Earning a profit for the company is an effort to maintain business continuity and increase the expected growth. To find out the success of a company in achieving these goals, financial measures or indicators are needed. Financial statement analysis needs to be done by every company so that management can find out the company's performance in that year. The main purpose of this research is to determine the financial position, calculation and interpretation of the company's financial ratios. The method used in this research is descriptive quantitative, namely the method used to describe, explain, summarize various conditions, situations, or various research variables. The ratio analysis used in this research is the liquidity ratio, solvency ratio and profitability ratio. The results show that the company is declared liquid but has not been able to take advantage of existing assets and equity to get maximum revenue.

Predict FTSE100 Stock Movements Using Business News Sentiment and Machine Learning

In order for investors to maximize their benefit by having better forecasts of the complex dynamics of the stock market, there are many factors that affect the stock market, from a company's financial ratios to investor sentiment and reactions to financial news. This project aims to collect UK business news from the Guardian and uses NLP techniques to transform unstructured text data into usable structured sentiment data to predict the movement of the FTSE100 index. The program uses two different libraries TEXTBLOB and VADER to extract sentiments from both the headlines and main bodies of the business news articles. Four machine learning algorithms including Logistic Regression, Naive Bayes, K-Nearest Neighbours and Support Vector Machines and a voting classifier were used to predict FTSE100 index movement given the business news sentiments of the previous day.

Analisis Kinerja Keuangan LSP ABC Jakarta dalam Penentuan Strategi Bisnis dengan Pendekatan Analisis SWOT

LSP ABC is an oil and gas certification service company located in the Duren Tiga, Pancoran, South Jakarta. At the beginning of 2020, economic, social and cultural activities began to be disrupted by the Covid-19 pandemic. This has an impact on the company, so that the certification application data in 2020 tends to decrease compared to the previous year, 2019. Therefore, it is necessary to analyze the company's financial ratios to find out the impact of this pandemic on the company's financial performance. This study aims to determine the company's financial condition using the ratio analysis method and managing business strategies using the SWOT analysis method to determine alternative strategies in determining decisions for the company so that company goals can be achieved. Data collection is done by interview the LSP ABC which is then processed and analyzed, the results obtained in the form of an average liquidity value of 2.874% which was above the company standard of 150%, the average solvency value of 92.6% according to the standard which is under 200%, and a profit of 24%. Based on these results, it can be concluded that the company's profits in 2020 decreased when compared to 2019 but the financial condition was in a good condition. Meanwhile, for business strategy analysis using SWOT, LSP ABC is in quadrant II position so it must diversify its business.

Decision Analysis on the Financial Performance of Companies Using Integrated Entropy-Fuzzy TOPSIS Model

Sustainable economic development plans have been shattered by the devastating COVID-19 crisis, which brought about an economic recession. The companies are suffering from financial losses, leading to financial distress and disengagement from sustainable economic goals. Many companies fail to achieve considerable financial performances, which may lead to unachieved organizational goal and a loss of direction in decision-making and investment. According to the past studies, there has been no comprehensive study done on the financial performance of the companies based on liquidity, solvency, efficiency, and profitability ratios by integrating the entropy method and fuzzy technique for order reference based on similarity to the ideal solution (TOPSIS) model in portfolio investment. Therefore, this paper aims to propose a multi-criteria decision-making (MCDM) model, namely the entropy-fuzzy TOPSIS model, to evaluate the financial performances of companies based on these important financial ratios for portfolio investment. The fuzzy concept helps reduce vagueness and strengthen the meaningful information extracted from the financial ratios. The proposed model is illustrated using the financial ratios of companies in the Dow Jones Industrial Average (DJIA). The results show that return on equity and debt-to-equity ratios are the most influential financial ratios for the performance evaluation of the companies. The companies with good financial performance, such as the best HD company, have been determined based on the proposed model for portfolio selection. A mean-variance (MV) model is used to validate the proposed model in the portfolio investment. At a minimum level of risk, the proposed model is able to generate a higher mean return than the benchmark DJIA index. This paper is significant as it helps to evaluate the financial performance of the companies and select the well-performing companies with the proposed model for portfolio investment.

Corporate Strategy Analysis in Increasing the Value of the Firm through Mergers and Acquisitions in the Banking Sector (Case Study on the BCA Group)

This study aims to determine the company's strategy based on after experiencing corporate mergers and acquisitions, considering the value of the firm and the company's financial ratios in the financial industry sector (a case study on the BCA Group). Quantitative research is carried out by analyzing Financial Statements one year before and one year after the merger and acquisition corporate action is carried out which has been audited from 2018 to 2020. Qualitative research is carried out by conducting interviews with Bank BCA Senior Employees (20 years experience at BCA) and employees of the BCA Syariah business unit. Technical analysis of quantitative data using SPSS software, technical analysis of qualitative data is carried out using the Strength-Weakness-Opportunity-Threat (SWOT) matrix. The results showed that the value of the firm experienced the highest value when the merger and acquisition corporate action was carried out in that year. Quantitative analysis of financial ratios before and after the corporate action was carried out did not show significant results. The corporate strategy recommendation based on a comprehensive analysis of the company's current conditions and conditions is to determine the strategy aggressively, this is due to internal strength factors and existing opportunities that are expected to be maximized by the company. This strategy is intended to support an aggressive growth policy, this may be done because the company has opportunities and strengths so that it can take advantage of existing opportunities.

Examination of the Relationship between Stock Management and Profitability in Businesses: An Application on Borsa Istanbul Manufacturing Companies

This study aims to investigate whether there is a significant relationship between inventory management and the profitability of enterprises operating in the manufacturing sector. The primary purpose of businesses is to maximize firm value. For this purpose, they want to determine the most accurate method to increase profitability by using their assets efficiently. The practical and efficient use of asset stocks with the least liquidity among current assets is thought to affect their profitability positively. The financial ratios of companies in the manufacturing sector traded on the BIST between 2019-2021 have been taken as data, and multiple regression analysis is used as the analysis method. The findings show a significant negative relationship between the stock/current assets ratio and profitability for all three years. A positive relationship is found with the 2019 net sales growth rate and a negative relationship with stock holding time. A positive and significant relationship is found between profitability and net sales rate for 2020. In summary, it can be said that businesses can increase their profitability by reducing their stocks.

Pengaruh Debt to Equity Ratio Dan Return On Assets Ratio Terhadap Audit Delay

Researchers conducted research intending to know the effect of the Debt to Equity Ratio and Return on Asset Ratio on Audit Delay in consumer goods sector companies listed on the Indonesia Stock Exchange in 2016-2021. Moreover, this research analyzes the factor that has the most dominant influence between the Debt to Equity Ratio and Return Asset Ratio to Audit Delay in consumer goods sector companies listed on the Indonesia Stock Exchange in 2016-2021. The objects of research are as many as nine companies as gross as consumers listed on the Indonesia Stock Exchange.
 Based on research using multiple linear analyses shows that if the Debt to Equity Ratio and Return on Assets ratio increase, audit delay will increase. Every decrease in the Debt to Equity Ratio of 1% will increase audit delay. Likewise, every decrease in the Return on Assets Ratio of 1% will increase audit delay.
 To increase Debt to Equity, the company should pay attention to matters relating to the Debt to Equity Ratio, such as debt and equity in the company concerned. To minimize audit delay, the auditor should pay more attention to matters related to Return on Assets such as profits and assets in the company concerned. To minimize audit delay, the auditor should pay more attention to related matters that can affect the results of the company's financial ratios, especially the Debt to Equity Ratio and the Return on Assets ratio.

The Effect of Price Earning Ratio, Return O Equity, Debt to Equity Ratio, Firm Size, and Dividend Payout Ratio to the Stock Returns on Banks Listed in LQ45 Index 2015-2020

The capital market in Indonesia is currently experiencing very rapid development from year to year, as evidenced by the increasing number of public companies every year. Banking is one of the sub-sectors included in the LQ45 index with its average share having the highest market capitalization among other sub-sectors. The development of the capital market in Indonesia, including the banking sub-sector is inseparable from the supporting factors are internal factors as seen from the company's financial ratios. This study aims to determine the influence of price earning ratio, return on equity, debt to equity ratio, firm size, and dividend payout ratio on stock returns in banks listed on the LQ45 index for the period 2015-2020. The data collection method used in this study is the documentation method. The data used is secondary data, the determination of the sample in this study was carried out by purposive sampling method. The data in this study was processed using SPSS Application. The analysis tools used are, Descriptive Statistical Analysis, Classic Assumption Test, Multiple Linear Regression, T Test, F Test, and Determination Coefficient. The results of this study show that the price earning ratio, return on equity, debt to equity ratio, firm size, and dividend payout ratio affect stock returns simultaneously. Partially, the price earning ratio, return on equity, and debt to equity ratio affect stock returns, meanwhile firm size and dividend payout ratio have no effect on stock returns